KBR, Inc. (NYSE:KBR) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lessened its stake in shares of KBR, Inc. (NYSE:KBR - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 138,795 shares of the construction company's stock after selling 14,600 shares during the quarter. New York State Teachers Retirement System owned 0.11% of KBR worth $6,913,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. LRI Investments LLC purchased a new position in KBR during the fourth quarter worth about $31,000. GAMMA Investing LLC boosted its stake in KBR by 295.5% during the first quarter. GAMMA Investing LLC now owns 795 shares of the construction company's stock worth $40,000 after buying an additional 594 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of KBR in the first quarter valued at approximately $47,000. UMB Bank n.a. boosted its stake in shares of KBR by 146.9% in the first quarter. UMB Bank n.a. now owns 1,311 shares of the construction company's stock valued at $65,000 after purchasing an additional 780 shares during the period. Finally, Fifth Third Bancorp boosted its stake in shares of KBR by 25.2% in the first quarter. Fifth Third Bancorp now owns 1,365 shares of the construction company's stock valued at $68,000 after purchasing an additional 275 shares during the period. Hedge funds and other institutional investors own 97.02% of the company's stock.

KBR Stock Performance

Shares of KBR stock traded down $0.12 during trading on Monday, reaching $47.50. The company's stock had a trading volume of 201,499 shares, compared to its average volume of 1,382,697. The company has a 50-day moving average price of $52.10 and a two-hundred day moving average price of $52.76. The firm has a market cap of $6.16 billion, a PE ratio of 15.91, a P/E/G ratio of 0.91 and a beta of 0.74. KBR, Inc. has a fifty-two week low of $43.89 and a fifty-two week high of $72.60. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 1.89.

KBR (NYSE:KBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The construction company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.10. The company had revenue of $2.06 billion for the quarter, compared to analysts' expectations of $2.09 billion. KBR had a net margin of 4.99% and a return on equity of 32.55%. KBR's revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. On average, analysts forecast that KBR, Inc. will post 3.26 EPS for the current year.

KBR Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Friday, June 13th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.66 annualized dividend and a yield of 1.39%. KBR's dividend payout ratio is currently 22.07%.

Insider Transactions at KBR

In other news, CEO Stuart Bradie sold 20,000 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $52.81, for a total transaction of $1,056,200.00. Following the transaction, the chief executive officer directly owned 802,361 shares of the company's stock, valued at $42,372,684.41. This represents a 2.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.11% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Truist Financial lowered their price objective on shares of KBR from $70.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Citigroup reduced their target price on shares of KBR from $77.00 to $69.00 and set a "buy" rating on the stock in a report on Friday, April 25th. KeyCorp cut shares of KBR from an "overweight" rating to a "sector weight" rating in a report on Monday, June 23rd. The Goldman Sachs Group cut shares of KBR from a "buy" rating to a "neutral" rating and set a $55.00 price objective on the stock. in a report on Tuesday, May 27th. Finally, Wall Street Zen cut shares of KBR from a "strong-buy" rating to a "buy" rating in a report on Saturday, June 7th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $64.14.

KBR Profile

KBR, Inc provides scientific, technology, and engineering solutions to governments and commercial customers worldwide. It operates through Government Solutions and Sustainable Technology Solutions segments. The Government Solutions segment offers life-cycle support solutions to defense, intelligence, space, aviation, and other programs and missions for military and other government agencies in the United States, the United Kingdom, and Australia.